(a) The fiscal year for each county, municipality, or special taxing district begins on July 1 of a calendar year and ends on June 30 of the next calendar year.
(b) Each county, municipality, and special taxing district shall use the fiscal year for:
(1) appropriating money;
(2) authorizing expenditures; and
(3) balancing books and accounts.
Structure Maryland Statutes
Subtitle 1 - General Provisions
Section 16-102 - Accrual Method
Section 16-103 - Financial Condition
Section 16-104 - Pension Systems
Section 16-105 - Summary Statement of County Expenses
Section 16-106 - Budget and Fiscal Policies; Purchasing Laws
Section 16-107 - Reserve Accounts
Section 16-108 - Governmental Charges
Section 16-109 - Tax on Property
Section 16-110 - Tax for Soil Conservation Districts
Section 16-112 - Payments by Counties to Municipalities
Section 16-113 - Allegany County -- Lien for Water or Sewer Services
Section 16-114 - Prince George's County -- Administrative Hearing Services
Section 16-115 - Washington County -- Issuance or Renewal of Licenses